AXSUSDT is creating a bull flag
the market tested the weekly resistance on 72$ after a nice breakout on the dynamic daily resistance.
On the 4h timeframe the price is creating a bullflag below it, and the price could retest again the weekly support on 61.60$
At the moment the price is suffering about the hack.
Axie Infinity (AXS), the native token of the eponymous videogame, reversed most of its recent rally after hackers stole more than $600 million from the Ronin Network blockchain that runs the game. RON, the native token on the blockchain, also slumped in value.
How to approach?
The price needs the breakout from the bullflag on the 4h timeframe, we could see a retest on the 0.618 Fibonacci level where the market has the weekly support. SO if the price is going to have a breakout from the bullflag, According to Plancton's strategy, we can set a nice order
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Keep in mind.
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Follow the Shrimp 🦐
On the 4h timeframe the price is creating a bullflag below it, and the price could retest again the weekly support on 61.60$
At the moment the price is suffering about the hack.
Axie Infinity (AXS), the native token of the eponymous videogame, reversed most of its recent rally after hackers stole more than $600 million from the Ronin Network blockchain that runs the game. RON, the native token on the blockchain, also slumped in value.
How to approach?
The price needs the breakout from the bullflag on the 4h timeframe, we could see a retest on the 0.618 Fibonacci level where the market has the weekly support. SO if the price is going to have a breakout from the bullflag, According to Plancton's strategy, we can set a nice order
–––––
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
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